U.S. stock futures point lower; J.P. Morgan weighs

MADRID (MarketWatch) -- U.S. stock market futures were lower in early European trading hours, with revelations of a $2 billion trading loss at J.P. Morgan Chase & Co.
JPM, -0.64%
expected to weigh on sentiment. The announcement by the investment bank was made after the close of regular trading. In Frankfurt, shares of J.P. Morgan
fr:jpm
were indicating down 8%. Futures on the Dow Jones Industrial Average
DJM2
fell 76 points to 12,758. S&P 500 Index futures
SPM2, +0.00%
lost 8.8 points to 1,348.80, while Nasdaq 100 futures
NDM2
declined 11 points to 2,607.75. Also lower, shares of Bank of America Corp.
BAC, +0.15%
fell 5% in Frankfurt
fr:ncb
Gold and oil futures were also under pressure while the U.S. dollar rose across the board.

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